An agreement between Saudi Arabia and Georgia to avoid double taxation on income taxes and to prevent tax evasion

09/05/2019

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To/ the members of the Chamber

Asharqia Chamber presents you with the best greetings and informs you of the letter of the Council of Saudi Chambers No. (22/2200) dated (3/9/1440), which referred to the letter of the General Authority for Zakat and TaxNo. (11451/1/1440) dated (26/08/1440), which includes reference to the decision of the Council of Ministers No. (267) dated (23/5/1440) that to approve an agreement between Saudi Arabia and Georgia to avoid double taxation in respect of taxes on income and to prevent tax evasion, (and the Protocol) accompanying it, which was signed at Riyadh on 26/14 / 1439 (14/3/2018), and ratified by Royal Decree No. (M / 47) dated (24/5/1440 e).

It is noteworthy that this Agreement is effective as of 25/7 / 1440 (1 April 2019).

Accordingly, in accordance with the second paragraph of Article XXIX of the Convention, its provisions will become effective as follows:

-In regard of taxes deducted from the source, on the amounts paid in - or after - the first day of January of 2020.

-In regard of other taxes on tax years beginning on or after the first day of January 2020.

You can find the agreement on the website of the General Authority for Zakat and Tax for reference.​